CT Gold sells out in two days as bulk buyers snap up units
Developed by Chiu Teng Group– which has specialised in industrial and commercial projects for the previous 27 years– CT Gold is a redevelopment of the previous MacPherson Industrial Complex, got en bloc for $103.888 million in May 2025.
” For lots of SMEs, having their room is no more just a functional decision, but additionally a balance sheet approach,” says Chu.
He includes that freehold industrial developments continue to be specifically attractive amid minimal supply. “Such properties are engaging offered their shortage and capability to preserve price with time.”
When sales opened at 10am on May 1, the remaining units were promptly taken up by multiple-unit prospective buyers, each obtaining 2 to 4 units, with all production units offered within a couple of hours.
The 63 manufacturing units are spread throughout 8 levels, with dimensions ranging from 1,615 to 1,959 sq ft. Sales schedulings started on April 30, with top priority offered to quantity customers buying 5 to 10 units.
” Most of home buyers were end-users,” he includes.
The take-up was steered mostly by mass buyers grabbing several units.
Marcus Chu, Chief Executive Officer of ERA Singapore, sees that demand for units at CT Gold came mostly from owner-occupiers, including SMEs in fields such as light production, e-commerce, logistics and creative markets, which worth proximity to the city and convenience for both customers and employees.
The 3 canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were additionally occupied by different purchasers.
Chu additionally indicates timing as a key factor. “CT Gold went into the marketplace at once when much more businesses are reconsidering their long-term space approach, moving from renting to possession where possible.”
Manufacturing units were sold at between $1,400 and $1,900 psf, with most transacting at approximately $1,500 to $1,600 psf. In absolute terms, the ordinary price of units sold varied from $2.5 million to $2.6 million.
CT Gold was previewed from April 15 to 29, drawing solid attraction throughout the two-week span thanks to its area in the developed MacPherson city-fringe enterprise zone, states Ken Low, regulating associate of SRI, among the project’s shared promotion and marketing representatives.
The strong take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a freehold B1 strata-titled industrial growth near Marymount MRT Terminal. All 56 units and three canteens were marketed quickly after the March 2025 launch, notes Kelvin Fong.
It isn’t simply residence plans seeing vigorous sales. At CT Gold, a freehold, strata-titled commercial development in the MacPherson industrial estate, all 63 production units and three canteens were snapped up throughout two days of launch, with the property fully sold out as at May 1.
Situated at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the property development is inside walking distance of Potong Pasir MRT Station on the North-East Line. It is slated for finish in 2030.
” While multiple-unit purchases were dominant at CT Pemimpin, activity was also stronger at CT Gold, where all units were gotten by these customers,” claims Low, who associates the faster take-up to its “more main area”.
